Question

Which one of the following is not the method of demand forecasting

Answer 1

Q)  Which of the following is not the method of demand forecasting?

a) Rolling average method.

b) Critical path method.

c) Exponential smoothing method.

d) Weighted average moving method.

Option (b) Critical path method is not the method of demand forecasting.

• Based on the analysis and studies done on the data predicting what will be customers nature in future, is the concept behind demand forecasting.
• The main applied area of demand forecasting are planning new production, making a decision about entering a new market, etc.
• From the given options the critical path method is the one that is used for managing project beginning and submission.

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